On Wednesday, April 18, 2012, BP and the attorneys suing on behalf of hundreds of thousands of individuals and businesses affected by the Deepwater Horizon disaster submitted a settlement to U.S. District Judge Carl Barbier in New Orleans for approval.
Motley Rice co-founder Joseph Rice served as one of the negotiators of the settlement that was submitted to the court today and is quoted in a Bloomberg article on the BP oil spill settlement.
Judge Barbier will hold a closed-door conference on the lawsuits on May 3, 2012. Both parties have also requested a fairness hearing on Nov. 8, 2012, prior to the settlement's final approval and have asked that any trial over liability be postponed until after the hearing.
Read the Deepwater Horizon class action settlement agreements:
Motley Rice lawyers are working to assist business owners, seafood processors, wetland property owners, cleanup workers and other citizens with losses related to the oil spill. Please contact Motley Rice lawyers Kevin Dean or John Baden by email or at 1.800.216.9170 if you would like to talk about the proposed classes and your rights under the settlement.
Read more about the BP oil spill settlements.